Wednesday 29 May 2013

Copper futures climbed on Tuesday after strong US housing and consumer confidence data lifted prospects for rising metals demand in the world's biggest economy although gains were capped by a stronger dollar and concerns over Chinese growth.

Copper futures for most actively traded July delivery settled higher by 1.95 cents, or 0.6%, at $3.3150 a pound on the Comex metals division of New York Mercantile Exchange. While copper on the London Metal Exchange climbed 0.8% to $7,360 a tonne.

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